Building Details

Year built 1920

Floors in Building 2

Listing Agency: Zomer Company Show Phone

Listed By: Ryan J Zomer Show Phone

Added: May 27 Changed: Aug 7 Last Checked: Sep 2 at 1:06AM

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MLS# 11792160

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story duplex contains two residential units, each with 2 bedrooms, 1 bathroom, and a private laundry area. The configuration provides separate living spaces while retaining the possibility of conversion to a single-family home. The property was built in 1920 and is located in Larchwood, Iowa, within Lyon County.

Utility responsibilities are divided between the parties: the owner currently pays sewer and water, while tenants pay electric and garbage. The layout supports continued duplex use or an owner-occupant arrangement with one unit available for rental, subject to the property's existing configuration and applicable requirements.

Key Highlights

• Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
• Private laundry areas provided for both units
• Two‑story property built in 1920

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Parts Store Real Estate Agency Big Box & Wholesale Store Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Explore this area Business Placement

Demographics for 51241, IA

1,916

Population

860

Households

2.2

Avg Household Size

36

Median Age

27%

College-Educated

97%

High-School Grad

89.6 sq mi

ZIP Area

21

Density / Sq Mi

$89,214

Median Household Income

$43,299

Median Earnings

$843

Median Rent

$270,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-story income property with separate laundry areas in each unit.

Where is this duplex located?

The property is located at 1125 Broadway st Larchwood, IA.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; Private laundry areas provided for both units; Two‑story property built in 1920